Global PC Peripherals Market Size, Share, Growth Analysis, By Product Type, By Device Type, By Connectivity, By Distribution Channel, By End-use - Industry Forecast 2022-2028

PC Peripherals Market was valued to be USD 407.1 billion in 2021, and it is expected to reach USD 1190.16 billion by 2028 at a CAGR of 10.6% over the forecast period (2022-2028).

The demand for PC peripherals in the global market is being heavily fueled by the digitalization of educational institutions. Coursera, Udemy, BYJU's, edX, and Unacademy are just a few of the other online education providers where students can enrol in a wide range of courses. As a result, it is anticipated that the PC Peripherals Market will grow in size over the course of the assessment period, especially in developing nations. Numerous institutions are implementing online learning and virtual teaching, creating lucrative market growth opportunities. Devices for connecting computers to other devices are developing quickly to meet changing consumer demands. Market expansion will be fueled by rising disposable income, growing external storage demand, and declining consumer peripheral prices.

Top-down and bottom-up approaches were used to estimate and validate the size of Asia Pacific PC Peripherals Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined by using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Segments covered in this report:

The Global PC Peripherals Market is segmented based on product type, device type, connectivity, distribution channel, end-use and region. Based on Product Type, PC Peripherals Market is categorized into PC Peripheral Input Devices, PC Peripheral Output Devices, and PC Peripheral Storage Devices. Based on Device Type, PC Peripherals Market is categorized into PC and Gaming Consoles. Based on Connectivity, PC Peripherals Market is categorized into Wired PC Peripherals and Wireless PC Peripherals. Based on Distribution Channel, PC Peripherals Market is categorized into Offline and Online. Based on End-use, it is categorized into Residential and Commercial. Based on region, it is categorized into North America, Europe, Asia Pacific, The Middle East and Africa, and Latin America.

Drivers

Education institutions are becoming increasingly digital: To improve education and achieve efficiency in teaching and learning, educational institutions around the world are modernising and embracing digitalization. Because of digitization, resources are now more easily accessible to students and teachers. For instance, students can use their laptops and desktop computers to access study materials at any time and from any location. Therefore, the demand for PC peripherals would benefit from the growing demand for devices like PCs and laptops in the education sector during the projection period. In order to give students the flexibility to learn at their own pace, many schools are implementing online learning strategies and providing courses online. The growing demand for PCs, laptops, and notebooks in educational institutions as a result of increased digitalization will drive the market for PC peripherals.

Restraints

Rising numbers of counterfeit goods: Major consumer electronics manufacturers face a challenge due to the rising numbers of counterfeit goods in local physical stores and online marketplaces. These goods are well-liked by consumers who are concerned about costs because they are reasonable and attractive. Due to the growing popularity and ease of accessibility of counterfeit smart and portable Bluetooth speakers, the price competition in the market will become more intense. A lot of online retailers also market fake accessories. Despite market vendors' ongoing efforts to reduce their availability through a variety of distribution channels, including physical and online retail establishments in numerous countries, it is difficult to control the sales of counterfeit goods. The rising sales of these products are impeding the growth of the global PC peripherals market.

Market Trends

Thanks to an increase in strategic alliances and acquisitions, market vendors can solidify their position as market leaders in their respective PC peripheral industries. Through these alliances, programmes for joint technological development are strengthened, technological competition is raised, and funding is distributed in line with market trends. For instance, an exclusive distribution agreement was reached between Dicker Data and BluPeak, a retailer of PC hardware and accessories. A similar agreement was made by Western Digital Corp. and Toshiba Memory Corp. to jointly invest in the K1 production facility that Toshiba Memory is currently constructing in Kitakami, Iwate Prefecture, Japan. A significant increase in M&A activity will be advantageous to the market.